AT&T Powers PSCU Financial Services

AT&T announced a contract with PSCU Financial Services to provide communications equipment and services to enhance the reach and reliability of the CUSO’s network services. The new contract with AT&T establishes an Ethernet private line between PSCU’s St. Petersburg headquarters and the company’s Phoenix-area data center. This communications link facilitates data replication for business-critical information between St. Petersburg and Phoenix. The instantaneous mirroring of data across the network further establishes needed redundancy to secure company information and maintain active lines of communication. PSCU Financial Services serves more than 1,100 financial institutions nationwide and is owned by more than 500 member credit unions representing over 11 million cardholder accounts and more than 500,000 online bill payment subscribers

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Affluent Travelers More Active Than Ever

AmEx’s “Platinum Travel Service” team of specialists reports that a growing number of affluent travelers are seeking private, luxurious getaways, booking more private yachts, villas and jets than ever before. Platinum Travel Service villa specialists report that the requests for private villas are at an all-time high, especially from multi-generational families or groups of friends looking for privacy, space and a “home away from home” with additional comforts. Specialists report that Italy, France and the Caribbean – particularly St. Barts – are among the most popular destinations for private villa vacations, which, like private yachts, are often six-night/seven-day vacations booked six to nine months in advance .Private jets are becoming central to the vacation itself, especially for families. Jet specialists are increasingly booking private jet charters for customers to hop from city to city within European countries and Asia.

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MobiCash Sets Up U.S. Operations in San Jose

South Korea-based Mobilians International fraud management is implementing its mobile online payment method in the U.S. The new “MobiCash” online payment method enables consumers to purchase retail items and services with the use of a mobile phone over a secure platform that does not require the transmission of any personal account information, such as card or account numbers. Mobilians executive team includes seasoned executives from Sprint Nextel, CyberCash, CyberSource, Transaction Network Services, and Mobilians of South Korea. The company expects to commence active payment transactions with online merchants using its core systems in first quarter of 2008.

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Austin Logistics Names a New COO

TX-based Austin Logistics has hired David Diehl, formerly with Fair Isaac, as COO. At Fair Isaac as Vice President, Global Fraud Solutions, he led that organization’s payment card fraud detection, identify theft and telecommunications fraud and risk management efforts. Prior to that, he was vice president, Product Engineering, where he directed a team of 150-plus scientists and software engineering professionals. In addition to his tenure at Fair Isaac, Diehl has held a series of increasing responsible positions at a number of software companies serving the financial services market, where he helped develop credit card processing, consumer lending and consumer financing systems. Austin Logistics is a leading provider of event based analytic solutions.

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Western Alliance Net Income Up 40% from Q2

NV-based Western Alliance Bancorporation reported third quarter net income of $11.1 million, up 39.5% from 2Q/07, but down 4.2% from 3Q/06. The Bank also announced that Kenneth Vecchione has been elected a Director. He is the former Vice Chairman and CFO of MBNA with prior work experience at AT&T Universal Card, First Data Corp and Citicorp Credit Card Services. He will commence his new responsibilities as CFO of Apollo Global Management on October 29th. Western Alliance Bancorporation is the parent company of Bank of Nevada, First Independent Bank of Nevada, Alliance Bank of Arizona, Torrey Pines Bank, Alta Alliance Bank, Miller/Russell & Associates, Shine Investment Advisory Services, Premier Trust, and PartnersFirst. For complete details on Western Alliance’s third quarter performance visit CardData ([www.carddata.com][1]).

[1]: http://www.carddata.com

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Cellular South Completes WirelessWallet Pilot

San Diego-based Kyocera Wireless reports the successful field-testing of handsets used in a “WirelessWallet” consumer trial by Cellular South. Cellular South conducted the three-month trial in Jackson, Miss. and Memphis, Tenn. with partners Bank of America, ViVOtech and Mpact, Inc. A post-trial survey found that 87% of “WirelessWallet” testers are interested in using the mobile payment technology when it becomes commercially available. The survey, conducted by Insights Research Group, also revealed that more than 75% of testers were satisfied with their “WirelessWallet” transactions.

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NAUTILUS & CPSB

For its 32,000 bank branches, China Postal Savings Bank (CPSB) has
signed agreements with Nautilus Hyosung for the deployment of
“NH 5050” ATMs. Nautilus Hyosung plans to deploy 3,000
“NH 5050” ATMs this year which have been recognized at the China
International Exhibition on Financial Banking Technology & Equipment in
2006. Despite the company’s late 1997 market debut, Nautilus Hyosung
has been able to succeed with innovative designs and are intent on
expanding their presence in the financial industry.

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First Data Acquires Canada’s POSTNET

First Data has announced its acquisition of POSTNET, which provides merchant acquiring and payment processing for all forms of payment across Canada. POSTNET provides merchants with POS solutions, Internet payments, emerging payments, authorization, settlement, reconciliation, chargeback administration, fraud prevention, reporting management and customer service. First Data also has a merchant acquiring business in Argentina and Uruguay named POSNET.

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U.S. Bank Purchases AIMS Logistics

U.S. Bank has purchased AIMS Logistics to operate as part of the “PowerTrack Payment Network” within its Corporate Payment Systems division. Under the purchase agreement, AIMS Logistics will operate as part of the PowerTrack Payment Network within the Corporate Payment Systems division of U.S. Bank. Terms of the purchase, which closed on October 1, were not disclosed. AIMS Logistics is a provider of freight audit and payment services. PowerTrack provides trusted commercial payment solutions for payables, receivables, freight, telecom, utilities, and global trade payments.

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ChoicePay and IPP Integrate Payment Solutions

ChoicePay and IPP of America have teamed to integrate IPP’s “Payment Settlement Network” with ChoicePay’s self-service capabilities. IPP’s Payment Settlement Network will be integrated into ChoicePay’s self-service capabilities. IPP will offer ChoicePay’s full suite of electronic payment and presentment services to clients, including multiple online and phone payment options. ChoicePay will include IPP’s walk-in payment solutions as part of their current bill payment offering as well as leverage IPP’s authorized national biller relationships on the Vcom and ChoicePay kiosk networks – increasing ChoicePay’s same-day payment capabilities to national billers. Vcom is the nation’s largest multi-biller payment kiosk network located in over 1,000 select 7-Eleven store locations while the ChoicePay kiosk network is available at strategic sites. IPP of America Inc. is a provider of electronic payment services.

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SWAROVSKI MASTERCARD

MasterCard will be sponsoring the live fashion and music event, Swarovski
“Fashion Rocks for The Prince’s Trust 2007”. This sponsorship includes the
issuing of a limited edition prepaid MasterCard gift card with a value of
GBP50 and a Swarovski “Fashion Rocks” prepaid MasterCard “PayPass”
card to guests for use on the night of the event. “PayPass” is meant for
use of everyday purchases of GBP10 or less and can be added to any
MasterCard and Maestro credit, debit or prepaid card. Over 16 million
PayPass cards can be used at 55,000 merchant locations around the world
and is on trial in 19 countries. MasterCard Europe works with 51 European
countries, is organized into three customer areas and implements the SEPA
platform.

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Australian Credit Card Debt Rises 11%

Credit card debt climbed again in August setting a new record of A$41.1 billion. Credit card volume also soared by A$600 million over the previous month. Credit card debt rose 11%, compared to August 2006. Credit card limits also reached a new high at A$110.9 billion, marking the 12th consecutive month of A$100+ billion. Card volume was A$18.1 billion during August, compared to a previous record of A$17.5 billion set in July, according to the Reserve Bank of Australia. Credit card volume is up 10% year-on-year. One-year ago credit card debt stood at A$37.0 billion. There are currently 13.7 million credit card and charge card accounts in Australia, compared to 13.0 million one-year ago.

CREDIT CARD HISTORICAL
(A$ billions)
MONTH BALANCES VOLUME
Aug 06: 37.0 16.5
Sep 06: 37.2 15.4
Oct 06: 37.3 16.4
Nov 06: 38.0 16.4
Dec 06: 39.0 17.1
Jan 07: 37.3 15.3
Feb 07: 39.5 15.3
Mar 07: 39.5 16.6
Apr 07: 39.6 15.3
May 07: 40.2 17.4
Jun 07: 40.8 16.5
Jul 07: 41.0 17.5
Aug 07: 41.1 18.1
Source: Reserve Bank of Australia

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